5 winners and 3 losers from President Biden’s first congressional address

Winner: Obamacare. Loser: Wall Street.

President Joe Biden struck a notably optimistic tone in his first speech before a joint session of Congress, coming after a long pandemic year that has been marked by isolation, loss, and for far too many Americans, death.

“After just 100 days — I can report to the nation: America is on the move again,” Biden said during his speech. “Turning peril into possibility. Crisis into opportunity. Setback into strength.”

Biden’s address was not delivered over Zoom; a number of lawmakers, Cabinet members, Supreme Court...